Now You Know: How to prepare for “financial hard times” ?

Sal: I was laid off back in 2009 during the “economic recession”, which I learned to be more “frugal” (e.g. buy what was necessary instead of buying what I “wanted”). I learned some “life style changes” that I apply now..

*see Financial Advice? goodnewseverybodycom.wordpress.com

Debt?

Dave Ramsey’s 7 Baby Steps Review: Is This A Debt Management Plan You Should Try? By Peter Anderson 57 Comments biblemoneymatters.com
“..Before The Baby Steps: Making A Decision To Change

Before you even decide to head down the road of using or exploring the 7 Baby Steps, I think it’s important to point out just how key it is that you sit down, talk with your significant other (if you have one), and actually make a decision that you want to change.

A lot of people talk about how to change their financial lives, but never touch on the fact that if you or your spouse isn’t ready to change, it isn’t going to happen. You have to want to change…”

Dave Ramsey’s 9 tips to get out of debt – YouTube

Savings

How To Save $2,000 Fast Without Making More Money

Minority Mindset
Published on Jun 22, 2018
How To Save $2,000 Fast Without Making More Money
0:14 – Saving your money will make you broke because your money in the bank is losing value to inflation
0:35 – The only reason you should be saving your money is to invest and to save for your emergency fund
1:08 – Start by saving minimum of $2,000 for your emergency fund
1:41 – Write down how much money you make and your expenses
2:27 – Save $2,000 as fast as possible so you have to cut out the things you don’t need
3:51 – Stop over paying for your bills so you can save the extra savings
5:09 – Stop having expensive fun until you have started saving money and have a savings cushion

The 7 Best Places to Put Your SavingsBy Jean Folger | Updated September 29, 2017 — 6:00 AM EDT investopedia.com
“..Money that is considered savings is often put into a low risk, interest-earning account, rather than into higher risk investments. Although there is opportunity for larger returns with certain investments, the idea behind savings is to allow the money to grow slowly with little or no associated risk. The advent of online banking has increased the variety and accessibility of savings accounts and vehicles. Here are some of the different types of accounts so you can make the most of your savings.

1. Savings Accounts
Savings accounts are offered by banks and credit unions….”

Credit Unions vs. Banks: What’s the Difference? .thestreet.com
“..The bottom line is that banks are for-profit institutions, while credit unions are non-profit. Credit unions typically brag better customer service and lower fees, but have higher interest rates. On the contrary, banks generally have lower interest rates and higher fees. Banks, on the other hand, often have higher fees but more convenience regarding location, technological efficiency, mobile access, and rewards programs…”

Banks vs. Credit Unions: What’s the Difference? – 2 Minute Finance
https://youtu.be/rfHyQ-8eLC4
2minutefinance
Published on Oct 28, 2011
Thinking about moving your money out of a big bank and into a local credit union? Get the low down on their differences in this two minute video.

For more information and resources, visit our website at http://www.2minutefinance.com. Also, find us on Facebook (Facebook.com/2MinuteFinance) or Twitter (@2MinuteFinance).

Students

Finding the Best Student Savings Account in 2018
“..Student savings accounts are meant to help those in school grow their increasing income long-term and learn about financial responsibility. To ensure that you find the best savings account for the student in your life, we’ve laid out the top student savings accounts for prospective account holders looking for specific account benefits…”

Investing

How to Invest $100 [for 2018] 💵 | Investing for Beginners When You Don’t Have a Ton of Money

Investors with Credibility

Warren Buffett – The World’s Greatest Money Maker

TradingCoachUK
Published on Nov 1, 2014
Warren Buffett is the greatest investor of all time. His decisions about buying shares and companies have beaten the stock market year after year and made him the richest person in the world – thought to be worth 37 billion dollars.

Yet Buffett lives modestly in his native Omaha, in America’s mid-West, and runs his 150 billion dollar business with a staff of just twenty.

He talks to Buffett’s family, friends and colleagues about the man they call the Sage of Omaha, and Buffett’s friend Bill Gates praises his philosophy of life.

National Savings Day nationaldaycalendar.com
“.. sets aside October 12 to recognize those who value the act of saving and to provide simple steps to show getting started isn’t as difficult as it may seem.

Many of us already save every day. We’ve been doing it for a long time. We collect sentimental items because they mean something to us and they evoke emotion. These objects come in all forms. It could be a treasured baseball glove your dad played catch with you; an engagement ring passed down through generations, or boxes full of t-shirts representing years of concerts. We save lots of things for extended periods of time, and they accumulate quite well…”

Moody’s Manual moodys.com
“..is a​n e​sse​ntial component of the global capital m​arket​s, providing credit ratings, research, tools and analysis that c​ontribute to transparent and integrated financial markets. Moody’s Corporation (NYSE: MCO) is the parent company of Moody’s Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody’s Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $4.2 billion in 2017, employs approximately 12,300 people worldwide and maintains a presence in 42 countries. Further information is available at http://www.moodys.com…”

Financial Collapse History

Collapse of 2008

The 2008 Financial Crisis: Crash Course Economics #12 – YouTube
https://www.youtube.com/watch?v=GPOv72Awo68
*gov’t loans to banks make their spending not wise

The real truth about the 2008 financial crisis | Brian S. Wesbury | TEDxCountyLineRoad

TEDx Talks
Published on Dec 3, 2014

This talk was given at a local TEDx event, produced independently of the TED Conferences. The Great Economic Myth of 2008, challenging the accounting to accounting principal.

Brian Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois.

TARP Bailout Program- Did TARP Help You or the Banks? BY KIMBERLY AMADEO Updated November 15, 2018 thebalance.com
“..On October 14, 2008, the Treasury Department used $105 billion in TARP funds to launch the Capital Purchase Program. The U.S. government bought preferred stock in eight banks. They were Bank of America/Merrill Lynch, Bank of New York Mellon, Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, State Street, and Wells Fargo…

In December 2018, President Bush agreed to use TARP funds to bail out the Big Three auto companies. Auto execs warned that the General Motors Company and Chrysler LLC faced bankruptcy and the loss of 1 million jobs. The $80.7 billion bailout lasted from January 2009 to December 2014. Treasury recouped all but $10.2 billion.

Why TARP Was Needed
Fifty-eight percent of Americans said TARP was not needed. But TARP’s purpose was to stop the panic that consumed Bear Stearns, Lehman Brothers, Fannie Mae, Freddie Mac, and AIG. Without government intervention, the bankruptcy of those companies would have led to many more.

Most Americans have never heard of the Reserve Primary Fund. They weren’t aware that on September 16, 2008, they were weeks away from a total economic collapse. If that ultra-safe money market fund had gone bankrupt, trucking companies would run out of cash to pay their employees. Grocery stores would have gone empty within weeks. Without a $700 billion government guarantee, the financial system would have collapsed. The rest of the economy would have gone w..”

Panic: The Untold Story of the 2008 Financial Crisis – FULL EPISODE | VICE Special Report | HBO

*see Deep Thought: How much to “give”? goodnewseverybodycom.wordpress.com

Good News Financial
https://www.facebook.com/groups/426559690751225/

Deep Thought: What’s an “ideal” father?

First, personally define “father”?

Now, let’s look up the definition according to the dictionary..

Father | Definition of Father by Merriam-Webster merriam-webster.com
“..Definition of father
1 a : a man who has begotten a child; also : sire 3
b capitalized
(1) : god 1
(2) : the first person of the Trinity (see Trinity 1)
2 : forefather

the founding fathers

3 a : one related to another in a way suggesting that of father to child
b : an old man —used as a respectful form of address
4 often capitalized : a pre-Scholastic (see scholastic 1a) Christian writer accepted by the church as an authoritative witness to its teaching and practice — called also church father
5 a : one that originates or institutes

the father of modern science

b : source

the sun, the father of warmth and light —Lena M. Whitney

c : prototype

the father of all libraries in the country

6 : a priest of the regular clergy; broadly : priest —used especially as a title
7 : one of the leading men (as of a city) —usually used in plural

a council of the city fathers
..”

Are you able to use any of the definitions above for your “dad” (e.g. biological, adoptive, “man” who raised you, etc..)?

Some people probably would say “no” if you live in America..

Fatherless Children Statistics and Other Data on Fatherhood | NFI
“..There is a father absence crisis in America.
According to the U.S. Census Bureau, 19.7 million children, more than 1 in 4, live without a father in the home. Consequently, there is a father factor in nearly all social ills facing America today…”

What’s your personal story? Was it due to divorce?

The 10 Most Common Reasons People Get Divorced headshot By YourTango huffingtonpost.com
“..communication problems came out on top as the number one reason marriages fail. Here are some other culprits our experts blame for the high divorce rate.

1. Getting in for the wrong reasons.

Marrying for money — we’ve all heard that that is a ticket to a quick divorce, but what about when you marry because it’s what you think you should do?

I’ve met many divorced women who say the problems that made them leave were there right from the beginning but “everyone expected us to live happily ever after” or “we had already spent so much money on the wedding” or “we had just built our dream home.” So, remember, until you say “I do,” you always have the choice to say “I don’t!” ..”

The Leading Cause of Divorce – YouTube

The 8 Main Causes of Divorce | Redonkulas.com – YouTube

Divorce Facts Men Need To Hear…

*interesting stats on the importance of having to be there for the kid

Absent Dad

The Consequences of the Absent Dad allprodad.com
“…This is an encouragement to educate and to motivate men to hear the call to battle on behalf of their children. We understand all the obstacles that are set up against you. While there may be obstacles, the consequences to the children remain. Only their dad can change the odds. Some of those consequences are increased chances of depression, behavioral issues, insecurity, bad grades, and higher dropout rates. Both boys and girls are equally susceptible. The natural order of the family is for the man to have authority (not power) to lead and when that authority is abdicated, a vacuum is created that will certainly be filled elsewhere. ..

Dealing With Anger From Having an Absent Father firstthings.org
“..“I can so identify with where LeBron is coming from,” says Kenneth Braswell, executive director of Fathers Incorporated. “I am a black man whose pent-up rage for my absent father drove me to do what I believed to be the right thing, for the right reason and with the right justification. Then I found out it was all wrong.”

Braswell believes, and research concurs, that there are hundreds of thousands of boys and men in America harboring pain and anger as a result of father absence…”

Absent Fathers, Affected Children – YouTube

Daughters

Impact of Absent Fathers on Girls – YouTube

Suggestions, feedback, personal stories, etc..?

more coming…

Good News Family
https://www.facebook.com/groups/537041852992814/

How the movie “Frozen” spoke to me?

I finally had the chance to see the popular movieFrozen” for the first time yesterday. It was a special public “sing-a-long” (see short video) at the local campus. I’ve loved the song “Let it go” since it was frequently played on the radio and never knew it was from this movie until awhile after when I asked a co-worker. I did a karaoke version of this song this past summer too…

“Let it Go” (Kaoroke by Sal July 14′) in “Frozen” (14′ Winter “cold” Season ) w/Lyrics

After watching the movie, I’m now more understanding of this song as it became more meaningful to me personally. As I watched the movie, I did a lot of self-reflection and life symbolism (this grows when one meditates God’s Word in an almost daily basis and views almost everything symbolically). If you haven’t watched the movie, you might want to stop reading this blog as this might be a spoiler. I never knew what the whole story/plot of “Frozen” was, so I was watching with uncertainty on what will happen next.

The first scene of the movie, Anna and Elsa are playing like any other kids would be doing. Unfortunately, Anna got hurt for overplaying, which I remember getting hurt many times as a kid. It was a scene many of us can relate. I saw the injury as an almost concussion symptom with a head injury due to the fall accident. I almost got serious injured when I was playing (trying to pretend I was Superman) as a kid. I was trying to use a blanket as my flying robe as I slid down the handrails (4-6″ wide) of my parents’ 2-story house. Somehow, the blanket got caught and stuck, which caused me to fall almost a floor down. I hit the stairs down below pretty hard with my back landing on the curvature of one of the stairs below. I couldn’t breathe for a while as I landed on the right spot, which my parents came running out of the kitchen. They asked what happened and if I was ok, I tried to yell as loud as I can-“Yes, I’m o-k” (barely could say it as I was having trouble breathing) in a small voice. My parents went back to the kitchen and I then started to get up aching and relieved that my parents didn’t know what “really happened”. I look back years later and more thankful that I didn’t get severely hurt.

Anyways getting back to the movie, the popular song -“Let is Go” became more meaningful after I watched the movie. Elsa goes out to the mountains and starts building her own ice palace, so she can live by herself as she’s afraid of hurting more people with her powers (gifts). How this scene spoke to me is the part when she sings “let it go”, which I personally feel we need to get out there and use our God-given gifts..for “good” of course. Sometimes, we can use our “gifts” for “bad”. There is that freedom when we do use our gifts! What talents, skills, or gifts do you feel you have? Are you using them (e.g. workplace, church, family, etc..) ? …Using it to praise oneself or giving it glory to God?

The character that I personally somewhat identified myself with was Kristoff. There was a scene when Kristoff explained to Anna why he’s the way he is, which is due to isolating himself from the others because people can be so mean. I had a season like Kristoff (just wanted to just hangout with Sven…”Exclusive: Disney’s frozen Clip “Reindeers are better than people“)…

years ago when I just got “tired” of being “nice” to people as “they” have taken advantaged of my “niceness” (e.g. financially). I just wanted to put a wall (e.g. “No Man Is An Island
Tenth Avenue North
“) and isolate myself. I started to just “keep to myself” in various ways, which in isolation-one can get oneself in trouble by doing things (e.g. sin) one shouldn’t be doing in the “dark”.

Towards the end of the movie, Anna is still suffering and is about to die as her heart is getting cold. In order for her to live, she need someone to kiss her that loves her too. In the middle of the movie, one would thought it would be Hans. As the movie progressed, the relationship grew between Anna and Kristoff. In the scene where Kristoff finally finds Anna on the frozen bay, Anna notices her sister (Elsa) is about to get killed by Hans. Anna runs to go between the sword of Hans and Elsa, which she freezes exactly in time to stop the in-coming sword. I would later saw this as symbol of how Jesus Christ sacrificed Himself for “us”. However, Elsa hugs Anna and this love melts the ice and warms her heart to live again. After the movie, I went to a special church workshop on healing. The teacher would encourage us to have more compassion for the people we were praying for healing. I then started to reflect this ending scene of Frozen on the power of love can bring healing!

Let it Snow (Parody of “Let it Go”-Frozen) Nov 22nd 2014 from Sal Monteagudo on Vimeo.